Post
Topic
Board Bitcoin Discussion
Re: can't understand why Korea is in speculation
by
Renampun
on 06/12/2023, 20:40:35 UTC
I am 19 years old Korean. I am little sad because of people's mind here. I think Korea is an advanced country and I think Korea has a higher perception of cryptocurrency than other countries. However, I think Korea is investing(I think almost speculating) more in altcoins (Dogecoin, Ripple, EOS, Quantum, Solana, etc) than Bitcoin.  Their investment is around $50,000 (average Korean adult income per year). I don't understand why they spend all their investments on trashy altcoins with the money they can get from saving a year without spending a penny. $50,000 is money that adult men have to save for over 10 years in most countries except developed countries. If Korea focuses more on bitcoin investment, I think there will be a lot of new rich people in 10 years. What do you think? Koreans don't buy bitcoin, thinking there's no difference between bitcoin and altcoins.

To be honest, when I was new to cryptocurrency at first I also thought this (there is no difference between bitcoin and altcoin), But as time goes by, the more my insight increases, the difference becomes clearer. This is why I think education about cryptocurrencies is very important, so that people can differentiate between Bitcoin and altcoins and which technologies are used. Bitcoin will continue to be of interest to many people in the future as their investment and this will push the price of Bitcoin to its highest level.